The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-04

a contract with the Britain Govern
msnt for 80, 900 guns OF new mako.
The miners throughout the country
are considerably disturbed over the
difficulty Of establishing permanent
methods OF settling disputes.
Southern cotton mills are paying
dividends ranging from 10 10 20 per
cent.
The German bar tenders expect to
form a National Trades Union.
The grand rush Of foreign labor to
America Is causing apprehension
among people who have heretofore
favored unlimited immigration. At
the present rate over loo. 600 will ar
rive this year. There is an abundance
of room for them In the far West where
they will be welcome as farmers,
but organized labor will rot be willing
to see them settle down in manufact-
uring sections, 10 take the bIeld out OF
their mouths.
A great deal OF American machinerY
Is being exported. Flows, tools, sew
ing machines, hardware Of various
kinds and small engines are among the
most largely exported articles.
A building association with $1,000
900 capital has just been esiablished
in Milwaukee. Capitalists in other
cities are considering the ACCESSIBILITY
OF building houses for workingmen on
a large scale. Philadelphia enjoys
comparative immunity from striker,
because its workingmen either own
their own homes or are engaged in
buying them ON monthly payments, or
expect some day TO be householders.
In New York the case is different,
and hence. labor agitations are more
frequent. The possession OF little
property, or the prospects OF q little
DC session, do q great deal to temper
labor sgitatio1s.
u. G. Dun d Co.'s weekly Review.
NRwYoRK, June 3-R. G. Dun & Co.,
In their weekly review Of trade, say:
The one fact OF the week which Is likely
to prove most important is the large
absorption OF money by the Treasury.
OF the interstate law there is less said,
pending tho deciEon OF the Commits
sion as TO continuance OF suspension.
In some quarters the new law Is clear
ly regarded with more favor, particu-
larly where transfer of business from
larger centers results, or where first
unfavorable effects seem to have passed
away. But 1t is safe to remember that
the full effect OF the law has not been
felt as yet, because OF temporary sus-
pensions. Reports are cheering as to
crops and generally favorable as to
state OF business, collections and sup.
ply Of money. "Copious rains dispel
agricultural gloom" In Wisconsin.
Crop prospects are frightened by rain
in Texas and the rains give encour-
agement in Alabama The speculs,
ton In coffee hoisted the price sgain |
regardless Of demand. Oil dealings |
have been stagnant. Pork has been |
q shade lower, with hogs, lard and |
beef shade higher and sugar I'M
changed. New England boot and shoe
makers are receiving large orders and |
doing an increasing business.
The great sale of fsnnels embrEced |
5000 lots, valued at ST. 100000, and |
prizes realized were evidently satitfac-
tory. The effect much encouraged
dealers in woolens generally, and
though little improvement Is seen In |
demand for cloths, 1t is plain that wool
growers and manufacturers are grad
uslly approaching each other. West
ern growers are reported as pleased at
Gales generally little above prices not
long ago deemed intolerable, medium
being especially strong, while manu-
facturers appear to be buying largely
in spite of the feeling that the prices
are not warranted by the present mar
ket for goods. Considerable orders
are reported for blankets and dress
goods. Cotton goods are strong, some
grades advancing, and the "eorner"
continues to hoist prices OF cotton in
spite Of good crop prospects.
The wheat speculation still RACES,
but with prices lower than a week
ago, and growing doubt whether
even the powerful clique can escape
loss. Receipts are large, the supply
in the country clearly beyond all de-
mande, and the crop prospects salts.
factory. In such circumstances 1t Is
not strange that OhicSgo banks want
no more wheat paper and 7 per cent. is
bid for loans on wheat collateral. The
iron market shows better tone, but
the demand for products Of iron aud
steel does not appear to improve.
Railroad stocks have been uncertain
with some tend sncy TO reaction.
The business failures during the last
gayen DAVIS number for the United
States 1876; for Canada, 25; total, $50,
against l75 laet week and 1877 Tor the
corresponding week Of last year.
Failures are steadily diminishing in
all sections OF the country, especially
in the Western States, where the num-
Der for this week lie the smallest re-
corded for years, the figures for the
Western and Pacific States being but
81 all told.